Foreign Banks in India: Top Foreign Banks & Headquarters | List of 46 International Banks 2024

Foreign Banks In India:  India is one of the fastest growing economies in the world. As of now, there are a total of 46 foreign banks in India. The list includes Citibank, Bank of America, Barclays Bank, DBS Bank, Standard Chartered Bank, Deutsche Bank and others. There are a total of 46 international banks in India with around 300 branches located mostly in major cities of Indian states. In this article, we are going to discuss the Top Foreign Banks in India and other important details related to foreign banks.

What is Foreign Bank?

A foreign bank is a financial institution that provides financial services to international consumers from outside its country of origin. Foreign bank branch is a type of international bank that must comply with the laws of both its home country and the host country. According to the Reserve Bank of India (RBI), there are now 46 foreign banks in India by 2024.

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Foreign Banks And Their Headquarters

Foreign Banks and Their Headquarters
Name of the Bank	Headquarter
AB Bank Ltd.	Dhaka, Bangladesh
Abu Dhabi Commercial Bank Ltd	Abu Dhabi, United Arab Emirates
American Express Banking Corporation	New York, United States
Australia and New Zealand Banking Group Ltd.	Melbourne, Australia
Barclays Bank Plc	London, United Kingdom
Bank of America	Charlotte, North Carolina, United States
Bank of Bahrain & Kuwait BSC	Manama, Bahrain
Bank of Ceylon	Colombo, Sri Lanka
Bank of China	Beijing, China
Bank of Nova Scotia	Toronto, Canada
BNP Paribas	Paris, France
Citibank N.A	New York, United States
Rabobank	Utrecht, Netherlands
Credit Agricole Corporate & Investment Bank	Paris, France
Credit Suisse AG	Zürich, Switzerland
CTBC Bank Co. Ltd.	Nangang District, Taipei, Taiwan
DBS Bank India Limited	Singapore
Deutsche Bank	Frankfurt, Germany
Doha Bank	Doha, Qatar
Emirates Bank NBD	Dubai, United Arab Emirates
First Abu Dhabi Bank	Abu Dhabi, United Arab Emirates
FirstRand Bank Ltd	Johannesburg, South Africa
HSBC Ltd	London, England, UK
Industrial & Commercial Bank of China Ltd.	Xicheng District, Beijing, China
Industrial Bank of Korea	Jung-gu, Seoul, South Korea
J.P. Morgan Chase Bank N.A.	New York, USA
JSC VTB Bank	Moscow, Russia
KEB Hana Bank	Seoul, South Korea
Kookmin Bank	Seoul, South Korea
Krung Thai Bank Public Co. Ltd.	Watthana, Bangkok, Thailand
Mashreq Bank PSC	Dubai, United Arab Emirates
Mizuho Bank Ltd.	Chiyoda City, Tokyo, Japan
MUFG Bank, Ltd.	Chiyoda City, Tokyo, Japan
NatWest Markets Plc	London, United Kingdom
PT Bank Maybank Indonesia TBK	Senayan, Jakarta, Indonesia
Qatar National Bank (Q.P.S.C.)	Doha, Qatar
Sberbank	Moscow, Russia
SBM Bank (India) Limited	Port Louis, Mauritius
Shinhan Bank	Jung-gu, Seoul, South Korea
Societe Generale	Paris, France
Sonali Bank Ltd.	Dhaka, Bangladesh
Standard Chartered Bank	London, England, UK‎
Sumitomo Mitsui Banking Corporation	Chiyoda City, Tokyo, Japan
United Overseas Bank Ltd	Singapore
Westpac Banking Corporation	Sydney, Australia
Woori Bank	Jung-gu, Seoul, South Korea

Top Foreign Banks in India

Below is the list of top foreign banks in India. These banks are very famous and have a high number of customers. Let’s have a look at them.

 

1. Standard Chartered Bank:

Standard Chartered Bank is a British multinational banking and financial services firm headquartered in London, England. According to the Reserve Bank of India, Standard Chartered Bank is one of the largest foreign banks based in India.

 

Owner	Temasek Holdings
CEO	Bill Winters (Since 2015)
Founders	Royal Charter, Chartered Bank of India, Australia and China, Standard Bank
Founded	1969, London
Headquarters	United Kingdom

 

2. Bank of America:

Bank of America is one of the top foreign banks in India, the bank supports international transactions between India and the US. Its headquarters is located in the USA.

CFO	Alastair Borthwick
Founded	30 September 1998
Headquarters	Charlotte, North Carolina, United States
Founders	Amadeo Giannini (Bank of Italy), Hugh McColl (NationsBank)

3. Citi Bank:

Citibank is a subsidiary of Citigroup, a New York-based international financial services corporation. Citibank is a foreign bank with presence in India that offers a wide range of services. Its Indian headquarters is in Mumbai, Maharashtra.

Founded	Established in 1902
Location	Calcutta (Kolkata)
Chief Executive Officer	Ashu Khullar (Since 2019)

 

4. DBS Bank:

The headquarters of DBS Bank is located in Singapore. It is a Singaporean multinational banking and financial services organisation. With its global strength, the bank has managed to secure a position among the 15 safest banks in the world.

Founded	16 July 1968
Headquarters	Singapore
Key people	Peter Shah
CEO	Piyush Gupta

 

5. HSBC India:

HSBC, founded in London in 1991 by the Hong Kong and Shanghai Banking Corporation, is the second largest bank in Europe. It has more than 50 branches in India and serves a customer base of more than 1 lakh people. Its Indian headquarters is located in Mumbai.

CEO	Hitendra Dave (7 Jun 2021–)
Parent Organisation	HSBC
Subsidiary	HSBC Agency (India) Private Limited
Founded	1853
Headquarters	Mumbai

 

6. Deutsche Bank:

Deutsche Bank is a leading German bank with strong European roots and a global network. It is a leading foreign bank, newly formed in the year 2019, focused on investment banking and asset management.

CFO	James Von Moltke
COO	Frank Kuhnke
Headquarters	Frankfurt, Germany
CEO	Christian Sewing (Since 2018)
Founders	Ludwig Bamberger, Adelbert Delbrück

 

 

So this was the list of all the foreign banks that are operating in the nation. We have also mentioned some of the most successful foreign banks that you can see operating in India. Foreign banks play an important role in providing international payment products to both Indians and foreigners.